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Форум: Orben - re:Secrets of Forex trading
16/10/2024 14:12:54Maximilian Hohenzollern

Some people manage to trade more successfully, while others remain in losses, despite spending a lot of time studying the market. I don’t quite understand how this works. It’s as if successful traders have some secret they are using.

It's probably not worth discussing any secrets at all, as there are none. But there is a basic understanding of how the Forex market works, as well as strategies, patterns, financial, and analytical tools. In combination, all this will lead you to good results.

Another important point is the significance of a trading schedule and considering the timing of trades. I never thought that this could have such a strong impact on the results. The right time to trade is an important parameter, as Patrick Allen describes in this full guide https://redandwhitemagz.com/right-time-to-trade-forex-full-guide/, providing a comprehensive guide on how to optimize your trading and highlighting the most common mistakes made by novice traders.
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